Adidas AG (OTCMKTS:ADDYY) Receives $146.02 Consensus PT from Brokerages

Shares of Adidas AG (OTCMKTS:ADDYY) have been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $146.02.

ADDYY has been the subject of several analyst reports. Barclays raised shares of Adidas from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. UBS Group lowered Adidas from a “buy” rating to a “neutral” rating in a report on Tuesday, August 4th. Royal Bank Of Canada raised Adidas from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. initiated coverage on Adidas in a research note on Thursday, July 2nd. They set an “overweight” rating for the company. Finally, Piper Sandler reissued an “overweight” rating on shares of Adidas in a report on Wednesday, July 15th.

Adidas Stock Up 0.1%

Shares of Adidas stock opened at $86.55 on Friday. The firm has a market cap of $30.93 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 1.18 and a beta of 1.25. The stock has a 50-day simple moving average of $96.44 and a 200-day simple moving average of $90.72. Adidas has a 52-week low of $75.19 and a 52-week high of $118.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 0.74.

Adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.16). The firm had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.55 billion. Adidas had a return on equity of 22.35% and a net margin of 5.30%. On average, equities research analysts expect that Adidas will post 5.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adidas

A hedge fund recently raised its position in Adidas stock. GAMMA Investing LLC boosted its position in Adidas AG (OTCMKTS:ADDYY) by 53.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,101 shares of the company’s stock after buying an additional 732 shares during the quarter. GAMMA Investing LLC’s holdings in Adidas were worth $216,000 at the end of the most recent reporting period.

Adidas Company Profile

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.